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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and

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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 5,000 shares have been re-acquired Common Stock, $50 par Paid-In Capital in Excess of Par $1,500,000 250,000 Paid in Capital from Sale of Treasury Stock 42,000 Retained Earnings 4,350,000 Treasury Stock 125,000

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